Home Capital Broker's Calls

CGS-CIMB ups Yangzijiang's TP to $1.91 on strong year-to-date orders

Felicia Tan
Felicia Tan8/4/2021 1:46 PM GMT+08  • 2 min read
CGS-CIMB ups Yangzijiang's TP to $1.91 on strong year-to-date orders
CGS-CIMB has also lifted its order win forecast for the FY2021 by 60% to US$8 billion.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

CGS-CIMB Research analyst Lim Siew Khee has reiterated “add” on Mainboard-listed Yangzijiang Shipbuilding with a higher target price of $1.91 from $1.63 previously.

Lim’s report, dated Aug 2, comes after the group signed new orders for a total contract value worth US$1.08 billion ($1.46 billion).

The new orders bring year-to-date (y-t-d) orders for the group to US$6.67 billion and its orderbook to US$8.74 billion.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.